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<br /> I�IISCELLANEOUS RECORD W
<br /> 99289�THEAU6U3TIpECO.GRAXDISLAND,NEBR. � � .
<br /> LrASF �,
<br /> TI�iIS LFASF, made this 27th day of April, 1951, by and between UNION STOCK YARDS COMPAIVY OF GRA1�D
<br /> ISLArD, whose address is Grand Island, Nebraska, a corporation, Lessor, and STANDARD OIL COMPANY, an.
<br /> Indiana corporation, with its principal office at 910 South Michigan Avenue, Chicago, Illinois, Lessee:
<br /> WITNESSETH;
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<br /> 1. The Lessor hereby demises and leases to the essee, the ollowing described premises situated in
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<br /> i r n I land Count of Hall State of I�ebraska more articularl described as follows to wit.
<br /> the C ty of G a d s , y , , p Y ,
<br /> All of Lots Four (4) and Five (5) in Block Seventeen (1?) in I3aker�s Addition to said City, and
<br /> the following portion of Lot Three (3) in said Iilock; Commencing at a point T�,renty-Five (25)
<br /> feet South of the Northwest corn.er of Lot Three (3); thence rorth Twenty-Five (25) feet; thence
<br /> �ast 'twenty-Five (25) feet; thence South.west to point of beginning.
<br /> TO IiAVL AND TO HOLD unto the Lessee for a term commencing on the lst day of March, 1951, and ending
<br /> on the 28th day of February, 1961.
<br /> 2. Lessee agrees to pay to the Lessor monthly in advance cash rental for the above described
<br /> premises as follows:
<br /> Fach ,ianuary $125.00 Fach ,Tuly $125.00
<br /> Fach February $I25.00 Fach August $125.00
<br /> rach March $125.00 rach September $125.00
<br /> l:ach April �125.00 Fach October $125.00
<br /> Fach May $125.00 Each l�ovember $125.00
<br /> Fach ,Tune $125.00 Each December $125.00
<br /> It is agreed all rental payments may be made by checic payable and delivered to ilnion Stock Yards
<br /> Company personally, or by mail, at Grand Island, Nebraska, on or before the lOth day of each such month.
<br /> 3. A. Within fi.fteen (15) days after the date hereof, Lessor will furnish Lessee a merchantable
<br /> Abstract showing merchantable title to the above describe3 premises in Lessor, hrought down at least to
<br /> the date hereof. Lessee shall have a reasonable time after receipt of said Abstract in which to complete
<br /> a title exami.nation thereof, and if sizch examination discloses objections to the title, the Lessor shali
<br /> have a reasonable time in which to cure such defects. In case said defects cannot be cured, Lessee may,
<br /> I
<br /> t h def ct r b i bl
<br /> n verthe 1 r, to lease the remises sub 'ect o suc e s. Lesso shall not e 1 a e to lessee
<br /> e less, e ec p 1
<br /> for refusal to cure lesseeTS ob,jections to title.
<br /> T3. It is agreed that in the event Lessee�s examination of title shall disclose objections
<br /> the.reto which Lessor fails to cure r,o the satisfaction of Lessee, or in the event Lessee concludes, after
<br /> such examination, that Lessor does not have the power to execute this Lease, or has improperly exercised
<br /> its power to execute thi.s Lease, Lessee may, at its option, terminate the lease upon sixty (60) dayst
<br /> written notice to the Lessor, and after the expiration of said sixty (60) days, Lessor and Lessee shall be
<br /> � relieved of all liability hereiinder.
<br /> Cv C. Sub-paragraph trTi11 above shall become void on the date Lessee commences construction of a
<br /> gasoline service station on the above described premises.
<br /> - 4. In consi.deration of the foregoing, the Lessor hereby sets over and assigns unto the Lessee, with
<br /> right of Lessee to reassign ta others, all of Lessorts licenses, consents and permits to maintain and
<br />' operar,e a gasoli.ne filling station on the ahove described premises; such assignment to be effective only
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<br /> during the term of t;his lease, and all renewals and extensions thereof.
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<br /> vl 5. Lessee and any assignee or sub-lessee is expressly giver, the right at any ti.me durir.g the term
<br /> `���; of this lease or any extensi.on thereof, and for a period of thirty (30) days after th.e termination of this
<br /> �� lease, or any extension therPOf, by lapse of time or otherwise, to enter upon and remove from said
<br /> `{� premises any improvements or equipment heretofore or hereafter purchased or placed by it or them upon the
<br /> � � leased premises, bi�t shall not he obliged to do so.
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<br /> � 6. The Lessee covenants and agrees for itself, its assigns or sub-lessees, that in case it or they
<br /> shall hereafter remove from such premises any improvements or equipment the Lessee shall fill in any and
<br /> all excavar,ions or holes resu]_ti.ng from such removal, and shall restore said premises to as good condition
<br /> as existed prior to the installation of such improvements or equi.pment, natural wear and deterioration
<br /> n` exceptecl.
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<br /> `�3� 7. The Lessee shall have the option of extending this lease upon the same terms and condition which
<br /> y. were in effect during the original term, for one period of ten (10) years, from February 28, ].961. The
<br /> rental to be pa.id by the Lessee during said exter.sion period shall be $125.00 cash monthly rental for each
<br /> month and for one month in advance. The Lessee shall give the Lessor written notice of its intention to
<br /> \ exercise its extension privilege at least thirty (30) days prior to February 28, 1961.
<br /> '� S. It is further mutually agreed that any and all buildings and improvements erected upon or p�aced
<br /> upon such. real property by the Lessee, its assigns or sub-lessees, shall constitute personal property and
<br /> that th.e Lessor shall have no right, title and interest therein, and that; Lessor shall pay all taxes and
<br /> assessments levied against such real property, but in no case against such buildings and improvements;
<br /> � Lessee shall pay all taxes and assessments levied against such personal property, buildings and improve-
<br /> ments, t ogether wit}1 all water rent or charges, sewer service assessments or charges and all charges for
<br />, � gas and electrici.ty deli.vered to such premises during the term of this lease and the extension thereof, if
<br />'� extended.
<br /> �
<br /> 9. Lessor, its successors and assigns, reserves the right to use the leased portion of Lot Three (3)
<br /> for purposes of ingress to and egress from that part of Lot Three (3) not herein leased, and it is under-
<br /> stood that Lesse� ��ill not fence off the leased portion of Lot Three (3) so as to interfere wi.th the
<br /> exercise of said Tight.
<br /> 10. If, in the sole ,judgment of the Lessee, it appears likely that Lessee or any of its assignees or
<br /> sub-lessees may be obliged to pay any license, privilege or excise tax because of its or their interest in.
<br /> or use of the premises hereby leased, Lessee may terminate this lease or any renewal or extension thereof
<br /> by giving Lessor thirty days� written noti.ce of its intention so to do.
<br /> 11, Lessor agrees that Lessee may assign this lease or sub-let the premises and equipment herein
<br /> described without consent of Lessor, and that Lessee, or its assi�gnee or sublessee, shall have the
<br /> pr.ivi.lege of using said premises for the purpose of operating thereon a gasoline service station, and for
<br /> the sale of tires, tubes, batteries and automobile accessories, and any other incidental commereial ���
<br /> activity, and that said Lessee, its assignee or sublessee, shall likewise have the privilege of erecting ' �
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